Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for D.R. Horton, Inc. > News item |
Natixis to price 19.65% reverse convertibles linked to D.R. Horton for Eksportfinans
By Jennifer Chiou
New York, July 10 - Natixis Securities North America Inc. plans to price 19.65% reverse convertible notes due July 31, 2009 linked to the common stock of D.R. Horton, Inc. for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
Payout at maturity will be par if D.R. Horton stock stays above 65% of its initial price during the life of the notes or finishes above its initial price.
Otherwise, payout will be a number of D.R. Horton shares equal to $1,000 divided by the initial price.
The notes are expected to price on July 25 and settle on July 31.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.